Reducing third-party risks with eyes wide open

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Recent analysis shows that many companies don’t have adequate visibility into their third parties, and even less so into their third parties’ third parties and beyond. But there are numerous best-practice measures that procurement, compliance, and risk management teams at global companies can consider who are looking to take their third-party and fourth-party risk management efforts to the next level.

This Thought Leadership piece and benchmark survey from Opus and RapidRatings will explore those best practices—such as building the case for a bigger budget, automating monitoring and auditing controls, focusing on high-risk third parties, and much more. This Thought Leadership piece will also take a look at common challenges in managing third-party risk, and how to overcome those challenges.